European session forex trading news
Session ends with a flurry!:
- China adjusts forward foreign exchange risk reserve requirement ratio
- SNB president Jordan - Still room to lower rates if needed
- Then to the SPX
- NFP preview from Nomura
- Senior Chinese diplomat speaking from Singapore
- Reuters poll on the RBA
Mid session data dump:
- EUR Retail Sales m/m: 0.3% v 0.4% expected and 0.0% previous
- GBP UK Services PMI: 53.5 v 54.7 expected and 55.1 previous
- EUR Eurozone Final Services PMI: 54.2 v 54.4 expected and 54.4 previous
- EUR German Final Services PMI: 54.1 v 54.4 expected and 54.4 previous
- EUR French Final Services PMI: 54.9 v 55.3 expected and 55.3 previous
- EUR Italian Services PMI: 54.0 v 53.6 expected and 54.3 previous
- BoE's Carney on the wires
- EUR Spanish Services PMI: 52.6 v 54.4 expected and 55.4 previous
Early session musings:
- Turkish foreign minister on the wires
- The Chinese yuan to record lows
- On the strong USD we're seeing
- Friday's economic calendar - NFP the obvious highlight
- Continuation of today's trade ideas thread
- ForexLive NFP Friday, European session welcome
It's here that I hand you over to Adam for today's NFP number. There are a ton of NFP previews done on the ForexLive blog throughout the last couple of sessions, so just click any of the NFP related blogs above and follow the links.
Some final thoughts before the release:
- Average hourly earnings might provoke the market response
- With the Fed on track to hike, this could be where the action will be if it misses
- This latest China news has thrown a spanner into the works with the USD really coming off now.
Have a great weekend and as always, best of probabilities to you!
